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001385952 072_7 $$aBUS$$x069000$$2bisacsh
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001385952 1001_ $$aKotlikoff, Laurence J.,$$eauthor.
001385952 24510 $$aEssays on saving, bequests, altruism, and life-cycle planning /$$cLaurence J. Kotlikoff.
001385952 264_1 $$aCambridge$$bThe MIT Press$$c2001.
001385952 300__ $$a1 online resource (256 pages)
001385952 336__ $$atext$$btxt$$2rdacontent
001385952 337__ $$acomputer$$bc$$2rdamedia
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001385952 500__ $$a"The MIT Press"
001385952 506__ $$aAccess limited to authorized users.
001385952 520__ $$aThis collection of essays, coauthored with other distinguished economists, offers new perspectives on saving, intergenerational economic ties, retirement planning, and the distribution of wealth. The book links life-cycle microeconomic behavior to important macroeconomic outcomes, including the roughly 50 percent postwar decline in America's rate of saving and its increasing wealth inequality. The book traces these outcomes to the government's five-decade-long policy of transferring, in the form of annuities, ever larger sums from young savers to old spenders. The book presents new theoretical and empirical analyses of altruism that rule out the possibility that private intergenerational transfers have offset those by the government.While rational life-cycle behavior can explain broad economic outcomes, the book also shows that a significant minority of households fail to make coherent life-cycle saving and insurance decisions. These mistakes are compounded by reliance on conventional financial planning tools, which the book compares with Economic Security Planner (ESPlanner), a new life-cycle financial planning software program. The application of ESPlanner to U.S. data indicates that most Americans approaching retirement age are saving at much lower rates than they should be, given potential major cuts in Social Security benefits.
001385952 588__ $$aOCLC-licensed vendor bibliographic record.
001385952 650_0 $$aSaving and investment$$zUnited States.
001385952 650_0 $$aRetirement$$zUnited States$$xPlanning.
001385952 650_0 $$aIncome distribution$$zUnited States.
001385952 650_0 $$aAltruism$$zUnited States.
001385952 653__ $$aECONOMICS/Macroeconomics
001385952 653__ $$aECONOMICS/Finance
001385952 655_0 $$aElectronic books
001385952 852__ $$bebk
001385952 85640 $$3MIT Press$$uhttps://univsouthin.idm.oclc.org/login?url=https://doi.org/10.7551/mitpress/2829.001.0001?locatt=mode:legacy$$zOnline Access through The MIT Press Direct
001385952 85642 $$3OCLC metadata license agreement$$uhttp://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf
001385952 909CO $$ooai:library.usi.edu:1385952$$pGLOBAL_SET
001385952 980__ $$aBIB
001385952 980__ $$aEBOOK
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001385952 983__ $$aOnline